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3232Investors in Collapsed South African Crypto Platform Reimbursed a Portion of Invested Funds
https://www.digit.info/investors-in-collapsed-south-african-crypto-platform-reimbursed-a-portion-of-invested-funds/
Sun, 26 Dec 2021 14:30:43 +0000https://www.digit.info/2021/12/26/investors-in-collapsed-south-african-crypto-platform-reimbursed-a-portion-of-invested-funds/Read more]]>Investors in Africrypt, the now-defunct South African crypto platform, were recently reimbursed a portion of their invested funds. The payments were made by Pennython Project Management LLC as part of a settlement offer that potentially ends claims against Africrypt’s runaway directors. White Knight Investor Identity Revealed Investors in Africrypt, a collapsed South African cryptocurrency investment […]
]]>Creditors of Collapsed South African Crypto Firm Vote to Accept Offer to Resuscitate the Company
https://www.digit.info/creditors-of-collapsed-south-african-crypto-firm-vote-to-accept-offer-to-resuscitate-the-company/
Thu, 18 Nov 2021 08:30:11 +0000https://www.digit.info/2021/11/18/creditors-of-collapsed-south-african-crypto-firm-vote-to-accept-offer-to-resuscitate-the-company/Read more]]>Creditors of a South African crypto trading firm, Africrypt, have agreed to a proposal recently tabled by an unnamed investor who is seeking to resuscitate the collapsed company. Africrypt’s Intellectual Property In addition to paying $4 million — which will be used to pay off some of the crypto firm’s debts — the investor is […]
]]>Unnamed South African Investor Proposes Buying 51% Stake in Collapsed Crypto Firm for $5 Million
https://www.digit.info/unnamed-south-african-investor-proposes-buying-51-stake-in-collapsed-crypto-firm-for-5-million/
Fri, 12 Nov 2021 03:00:58 +0000https://www.digit.info/2021/11/12/unnamed-south-african-investor-proposes-buying-51-stake-in-collapsed-crypto-firm-for-5-million/Read more]]>An unknown investor has proposed to acquire a 51% stake in Africrypt — the collapsed cryptocurrency investment company — for a purchase price of $5 million. However, in exchange for the offer, the investor wants all criminal proceedings against Africrypt directors dropped. Offer Must Be Supported by 75% of Creditors According to a report by […]
]]>Directors of Collapsed South African Crypto Investment Firm to Testify via Virtual Platform
https://www.digit.info/directors-of-collapsed-south-african-crypto-investment-firm-to-testify-via-virtual-platform/
Sun, 19 Sep 2021 09:30:14 +0000https://www.digit.info/2021/09/19/directors-of-collapsed-south-african-crypto-investment-firm-to-testify-via-virtual-platform/Read more]]>Ameer and Raees Cajee, the two directors of the South African crypto-investment platform, Africrypt, are set to participate in an inquest that seeks to seal the fate of the collapsed firm. The Death Threats According to an Itweb report, the Cajee brothers — who have agreed to testify on October 19 and 20 — will […]
]]>South Africa Bitcoin Heist: Court Grants Liquidators Authority to Track Missing Africrypt Investor Funds
https://www.digit.info/south-africa-bitcoin-heist-court-grants-liquidators-authority-to-track-missing-africrypt-investor-funds/
Tue, 03 Aug 2021 12:30:55 +0000https://www.digit.info/2021/08/03/south-africa-bitcoin-heist-court-grants-liquidators-authority-to-track-missing-africrypt-investor-funds/Read more]]>A South African court has granted liquidators of the collapsed bitcoin investment firm Africrypt the powers to track down missing investor funds. Also, as part of the court decision, Africrypt liquidators will now have the authority to sell assets and property belonging to the company. Africrypt’s Evidence Under the Microscope According to a report, the […]
]]>Africrypt Bitcoin Heist: Contradicting Reports About the Directors Whereabouts Surface
https://www.digit.info/africrypt-bitcoin-heist-contradicting-reports-about-the-directors-whereabouts-surface/
Tue, 27 Jul 2021 05:30:44 +0000https://www.digit.info/2021/07/27/africrypt-bitcoin-heist-contradicting-reports-about-the-directors-whereabouts-surface/Read more]]>In a new twist to the Africrypt saga, two different reports have made contradicting claims about the whereabouts of Raees and Ameer Cajee, the two directors of the collapse bitcoin investment firm. However, both reports suggest the Cajees brothers had planned their escape prior to the alleged hacking incident in April. Vanuatu or Tanzania In […]
]]>Africrypt Directors Deny Allegations They Fleeced Clients as Doubts Over Actual Value Missing Bitcoins Grows
https://www.digit.info/africrypt-directors-deny-allegations-they-fleeced-clients-as-doubts-over-actual-value-missing-bitcoins-grows/
Sun, 27 Jun 2021 09:00:00 +0000https://www.digit.info/2021/06/27/africrypt-directors-deny-allegations-they-fleeced-clients-as-doubts-over-actual-value-missing-bitcoins-grows/Read more]]>According to new reports, Raees and Ameer Cajee, the two young directors of the recently collapsed crypto investment firm, Africrypt, have “categorically denied” allegations they fleeced clients. Instead, the brothers insist their company is the victim of a hack while also claiming that the media may be overestimating the value of the missing bitcoins. These […]
]]>$3.6 Billion Crypto Heist: South African Bank Denies Business Relationship With Fraud Accused Africrypt
https://www.digit.info/3-6-billion-crypto-heist-south-african-bank-denies-business-relationship-with-fraud-accused-africrypt/
Sat, 19 Jun 2021 17:30:02 +0000https://www.digit.info/2021/06/19/3-6-billion-crypto-heist-south-african-bank-denies-business-relationship-with-fraud-accused-africrypt/Read more]]>According to local media, leading South African financial institution FNB is denying allegations of a banking relationship with the recently collapsed crypto investment company, Africrypt. FNB also insists it did not enable the investment company’s transactions which helped Africrypt’s two directors disappear with billions of dollars in investor funds. Disappearance of Investor Funds The financial […]
Investors in Africrypt, the now-defunct South African crypto platform, were recently reimbursed a portion of their invested funds. The payments were made by Pennython Project Management LLC as part of a settlement offer that potentially ends claims against Africrypt’s runaway directors. White Knight Investor Identity Revealed Investors in Africrypt, a collapsed South African cryptocurrency investment […]
Creditors of a South African crypto trading firm, Africrypt, have agreed to a proposal recently tabled by an unnamed investor who is seeking to resuscitate the collapsed company. Africrypt’s Intellectual Property In addition to paying $4 million — which will be used to pay off some of the crypto firm’s debts — the investor is […]
An unknown investor has proposed to acquire a 51% stake in Africrypt — the collapsed cryptocurrency investment company — for a purchase price of $5 million. However, in exchange for the offer, the investor wants all criminal proceedings against Africrypt directors dropped. Offer Must Be Supported by 75% of Creditors According to a report by […]
Ameer and Raees Cajee, the two directors of the South African crypto-investment platform, Africrypt, are set to participate in an inquest that seeks to seal the fate of the collapsed firm. The Death Threats According to an Itweb report, the Cajee brothers — who have agreed to testify on October 19 and 20 — will […]
A South African court has granted liquidators of the collapsed bitcoin investment firm Africrypt the powers to track down missing investor funds. Also, as part of the court decision, Africrypt liquidators will now have the authority to sell assets and property belonging to the company. Africrypt’s Evidence Under the Microscope According to a report, the […]
In a new twist to the Africrypt saga, two different reports have made contradicting claims about the whereabouts of Raees and Ameer Cajee, the two directors of the collapse bitcoin investment firm. However, both reports suggest the Cajees brothers had planned their escape prior to the alleged hacking incident in April. Vanuatu or Tanzania In […]
According to new reports, Raees and Ameer Cajee, the two young directors of the recently collapsed crypto investment firm, Africrypt, have “categorically denied” allegations they fleeced clients. Instead, the brothers insist their company is the victim of a hack while also claiming that the media may be overestimating the value of the missing bitcoins. These […]
According to local media, leading South African financial institution FNB is denying allegations of a banking relationship with the recently collapsed crypto investment company, Africrypt. FNB also insists it did not enable the investment company’s transactions which helped Africrypt’s two directors disappear with billions of dollars in investor funds. Disappearance of Investor Funds The financial […]